Year: 2025 | Month: January | Volume: 12 | Issue: 1 | Pages: 66-75
DOI: https://doi.org/10.52403/ijrr.20250110
How to Create the Best SWOT Analysis
Vladimir Karadzhov
Department of Geography, Ecology, and Environmental Protection/Chief Assistant Professor, PhD South-West University "Neofit Rilski" – Blagoevgrad, Bulgaria
ABSTRACT
This article explores the principles and advanced techniques of conducting an effective SWOT analysis, emphasizing its role as a versatile tool for strategic decision-making. By examining its origins, theoretical foundations, and practical applications across diverse fields, the study highlights best practices for structuring and refining the analysis. Advanced methods such as quantified scoring, TOWS matrix integration, and iterative approaches are discussed to enhance the analytical depth and practical utility of SWOT. Through case studies, including applications in virtual tourism and student labor migration, the article demonstrates how SWOT analysis can provide actionable insights for addressing internal strengths and weaknesses while leveraging external opportunities and mitigating threats. This comprehensive guide aims to equip readers with the knowledge and tools to create impactful SWOT analyses tailored to dynamic organizational and industry environments.
Keywords: SWOT analysis, strategic planning, TOWS matrix, quantified SWOT, decision-making tools, organizational strategy, virtual tourism, student labor migration, advanced SWOT techniques, strategic frameworks
[PDF Full Text]